Pelosi says agreement on new North American trade deal 'imminent'
Source: Washington Post
House Speaker Nancy Pelosi (D-Calif.) said Thursday that agreement on a new North American trade deal is “imminent” and she would like to pass it by year’s end.
Pelosi’s comments at a news conference represented her most optimistic assessment to date on negotiations to replace the 25-year-old North American Free Trade Agreement with a new deal that would improve environmental and labor standards. House Democrats have been negotiating for months with the Trump administration to reach agreement, but it’s proven elusive so far.
“It all comes down to enforcement,” Pelosi said. “I do believe that if we can get this to the place it needs to be, which is imminent, that this can be a template for future trade agreements, a good template. ”
Organized labor has remained wary of the emerging agreement between the U.S., Mexico and Canada, arguing that Mexico has not showed it is capable of implementing the needed reforms to its own labor standards. These reforms by Mexico are necessary to ensure more American jobs don’t move to that country, Democrats and labor leaders say. But Pelosi expressed optimism that the deal could win support from organized labor.
Read more: https://www.washingtonpost.com/us-policy/2019/11/14/pelosi-says-deal-new-north-american-trade-deal-imminent/?wpisrc=al_politics__alert-politics--alert-economy&wpmk=1
= new reply since forum marked as read
